Home > Insider Trading > Filing (0001209191-11-011677)

Filing Details

Accession Number:: 0001209191-11-011677
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-22 18:14:44
Reporting Period:: 2011-02-15

Filing Date:: 2011-02-22
Accepted Time:: 2011-02-22 18:14:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
101199	United Fire & Casualty Co	UFCS	Fire, Marine & Casualty Insurance (6331)	420644327

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1451184	R Neal Scharmer	118 Second Avenue Se P.o. Box 73909 Cedar Rapids IA 52407-3909	Vp/General Counsel/Corp Sec	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-02-15	5	$19.73	210	No	5	P	Indirect	By 401(k) account for self
Common Stock	Acquisiton	2011-02-18	1,974	$20.54	3,242	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	P	Indirect	By 401(k) account for self
No	4	A	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Acquisiton	2011-02-18	4,799	$0.00	4,799	$20.54

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,799		2021-02-18	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	679	Indirect	By Issuer's Eployee Stock Ownership Plan for self

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (right to buy)	$22.42	2020-05-19	3,000	3,000	Direct
Common Stock	Stock Option (right to buy)	$33.43	2018-05-21	4,639	4,639	Direct
Common Stock	Stock Option (right to buy)	$35.23	2017-02-16	5,000	5,000	Direct
Common Stock	Stock Option (right to buy)	$39.13	2016-02-17	2,500	2,500	Direct
Common Stock	Stock Option (right to buy)	$32.39	2015-02-18	2,500	2,500	Direct
Common Stock	Stock Option (right to buy)	$21.66	2014-02-20	2,000	2,000	Direct
Common Stock	Stock Option (right to buy)	$15.85	2013-02-21	1,600	1,600	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-05-19	3,000	3,000	Direct
2018-05-21	4,639	4,639	Direct
2017-02-16	5,000	5,000	Direct
2016-02-17	2,500	2,500	Direct
2015-02-18	2,500	2,500	Direct
2014-02-20	2,000	2,000	Direct
2013-02-21	1,600	1,600	Direct

Footnotes

The deemed execution date of this transaction is the statement date as provided by the Company's 401(k)Plan trustee/administrator.
This transaction qualifies as a non-discretionary transaction from a tax-qualified plan and is voluntarily reported on Form 4.
Represents the approximate number of shares acquired by the trustee/administrator of the Company's 401(k)Plan for the reporting person's benefit, based on a statement of the plan trustee/administrator.
The price per share is based on a statement provided by the Company's 401(k) Plan trustee/administrator.
The number of securities shown as being held in or acquired by the Company 401(k) account for Mr. Scharmer's benefit are the approximate number of shares of common stock for which Mr. Scharmer has the right to direct the vote under the 401(k) plan. Such shares are not directly allocated to plan participants, but are instead held in a unitized fund consisting primarily of common stock, together with a small percentage of short-term investments. Participants acquire units of this fund.
The total number of securities beneficially held directly by the reporting person following the reported transaction includes: 1,974 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 02/18/2016 and 1,268 shares of restricted stock issued under the Company's 2008 Stock Plan which vest, subject to certain conditions, on 05/21/2013.
The exercise price of these stock options represents the closing price of issuer's common stock on the grant date.
4,799 options become exercisable in four equal installments of 960 options each on 02/18/2012, 02/18/2013, 02/18/2014 and 02/18/2015 and 959 options on 02/18/2016.
3,000 options become exercisable in five equal installments of 600 option shares each on 05/19/2011, 05/19/2012, 05/19/2013, 05/19/2014 and 05/19/2015.
1,856 options currently exercisable; 928 options become exercisable on 05/21/2011; 928 options become exerciseable on 05/21/2012; and 927 options become exercisable on 05/21/2013.
4,000 options currently exercisable and 1,000 options become exercisable on 02/16/2012.
All options currently exercisable.